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The Fed Needs Governors Who Aren’t Wall Street Insiders

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U.S. Federal Reserve's supervision of banks and the need for Fed Governors from Main Street

11/18/2014

Two Senators, Warren and Machin, say president Obama needs to appoint people from Main Street to fill 2 vacancies on the Federal Reserve Board of Governors, so that the Fed can bring in different perspectives in conducting its new role of supervision of banks.

Grouped Articles

The Fed Needs Governors Who Aren’t Wall Street Insiders

Wall Street Journal 11/18/2014

New Scrutiny of Goldman's Ties to the New York Fed After a Leak

New York Times 11/19/2014

Fed Launches Review of Practices for Supervising Big Banks

Wall Street Journal 11/20/2014

New York Fed Is Criticized on Oversight

New York Times 11/21/2014

Lawmakers Lambaste New York Fed Chief on Lax Oversight

Wall Street Journal 11/22/2014

Selection of new U.S. Federal Reserve governors for Philadelphia and Dallas in 2014

11/10/2014

Grouped Articles

As Federal Reserve Selects New Top Officials, Coalition Calls for Public Input

New York Times 11/10/2014

The Fed Needs Governors Who Aren’t Wall Street Insiders

Wall Street Journal 11/18/2014

The U.S. Federal Reserve's Large Institution Supervision Coordination Committee

10/21/2009

Fed chairman Bernanke and Governor Tarullo set up the LISCC in 2010 to provide expert supervision at Fed headquarters that reports to them. Before this supervision was left to the 12 Federal Reserve Banks. Now the Fed can draw on the 42 PhD's and other experts in its ranks to review individual bank's financial position for systemic risk in adverse scenarios and flag these risks. This is critical to effective supervision of large banks.

Grouped Articles

Central Bankers Hone Tools to Pop Bubbles

Wall Street Journal 07/08/2013

The Power Behind the Throne at the Federal Reserve

New York Times 07/31/2013

Fed Boosts Pressure on Banks Over Capital Levels

Wall Street Journal 08/20/2013

Banks Ordered to Add Capital to Limit Risks

New York Times 04/08/2014

The Federal Reserve's Too Cozy Relations With Banks

Wall Street Journal 09/10/2014

The Fed Needs Governors Who Aren’t Wall Street Insiders

Wall Street Journal 11/18/2014


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